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It really isn't. So many safeguards have been put in place to prevent such a meltdown, it really cannot happen. That isn't to say we can't have a downturn in economics generally, or a slowdown in growth, or a big rise in interest rates. but at the start of the depression the stockmarket was absolutely and totally unregulated; there was no Securities and Exchange Commission (SEC) and stock was insider-traded to a ridiculous degree by bankers and executives of the massive companies of the time like RCA and Westinghouse. By the time they had traded the stock to an insane level and one or another stock began to crash, they were already sold out of it and manipulating up the next in ways that would certainly land them in jail today. A good little book, if you can find it on Ebay or Amazon is The Great Crash of 1929 by Galbraith.
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Because the Great Depression demonstrates the ills of buying on margin and many others that made so many people lose their money when the Stock Market crashed so has helped to create regulations for the stock markets nowadays.
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The Great Depression not only represents an example of the historically proved importance of an under-regulated market but it also is the source of legislation that is responsible for the US social programs, banking system and regulatory facility.
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Compare and contrast the Great Depression and now?
today more people have jobs but when the Great Depression they didn't have jobs
Was Martin Luther King involved in the Great Depression?
Martin Luther King was not involved in the great depression, but he was involved in the civil rights movement because of which America is today free of slavery.
What were the causes of the Great Depression in US?
It was greed of the rich and is now doing the same thing today
What were the differences between the great depression and the great recession?
In the Great Depression,there have been reports of an unemployment rate of 25 Percent. January 2017, our current rate is 4.8%%
Why was the Great Depression?
The great depression was a human characteristic of the stock market which caused no food some no clothing and lost of lives so be sure to help people poor today cause one day you ll be in depression soon answers from nika love the world and remember the world is full of depression
What is the most relevant to the era in which Death of a Salesman was written and set?
great depression
What is the most relevant to the era in which Death of a Salesman wa written and set?
great depression
Compare and contrast the Great Depression and now?
today more people have jobs but when the Great Depression they didn't have jobs
What did Great Depression kids do at recess?
The great Depression was just a time when money was tight, they did what kids today do at recess, talk, eat, and play.
What is the difference with the economy today and the economy during the Great depression?
It lays eggs.
What parables of Jesus are not relevant today?
None, they are all relevant today.
Was Martin Luther King involved in the Great Depression?
Martin Luther King was not involved in the great depression, but he was involved in the civil rights movement because of which America is today free of slavery.
What were the causes of the Great Depression in US?
It was greed of the rich and is now doing the same thing today
What were the differences between the great depression and the great recession?
In the Great Depression,there have been reports of an unemployment rate of 25 Percent. January 2017, our current rate is 4.8%%
Why was the Great Depression?
The great depression was a human characteristic of the stock market which caused no food some no clothing and lost of lives so be sure to help people poor today cause one day you ll be in depression soon answers from nika love the world and remember the world is full of depression
Where did the Great Depression?
Where did the great depression.... WHAT???-The BOLD explainer ;)
What came first Great Depression or world war you?
WWI was a major cause of the Great Depression.
